Korea (Rep.) - Recent Regulations on Calculation of Taxable Income of a Domestic Place of Business
- Korea (Rep.)
- T. Hyung Kim
- International Transfer Pricing Journal, 2014 (Volume 21), No 1
- 8 January 2014
Guidance arrived in Korea in 2013 to aid taxpayers in determining the taxation of internal dealings between a domestic place of business and other segments of the foreign corporation of which it is part. The author considers this guidance, discusses the importance of documentation, and examines a controversial area that still needs to be the subject of amendments.